The panic has died down a bit because of Thanksgiving Day, but just for the record, here is the actual proposal the FCC will be considering on December 14th.
Proposal To “Restore Internet Freedom”
I added the quotes to indicate where the authors decided to change the title of the document from what it actually is (Proposal To Change Boring FCC Regulations) into something that would make Republicans who don’t understand computers feel good.
I perused it, and a very large percentage of the text deals with reversing the classification of the Internet as a public utility in 2015 back to an information service. It is packed with reasonable arguments including supporting facts and figures, so it will take some time to study.